Construction Work to Commence?


Yesterday Heather Bain sent out a brief email to all investors informing us that construction work on the Bacolet Bay site may be about to start:


We have received sufficient pledges from investors to finance the recommencement of works on site.  We are in the process of collecting those monies.  We will report shortly to confirm that that process is complete and generally in relation to other matters, including the appointment of a purchaser committee, for which we have had expressions of interest.


‘Pledges’ are obviously pretty meaningless and so we will withhold judgement until we see some actual evidence of construction work happening…

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